CAN A PVT LTD COMPANY ACCEPT DONATIONS?

[manjula reddy]

Dear Friends,

Please clarify can a pvt ltd company accept donations with a social cause like education for poor children, But the company is not a charity, its a profit making company.

Regards,

Manjula

[CS Simranjeet Singh]

NO, It will come under deposits if its a profit making company

 

 

Regards,

Simranjeet Singh

Associate Company Secretary

"To know, is to know that you know nothing. that is the meaning of true knowledge."

 

   

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[manjula reddy]

Ok Thank you.

Please suggest in my case he wants to start a Profit making business by incorporating a pvt ltd and at the same time he is willing to do some thing to the society.

Please suggest.